Intimation of Resgination of Mr. Omprakash Brijnath Singh and Mr. avinash Sonawane as the Independent Director of the company.
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Epuja Spiritech Limited has informed the stock exchange that two of its Independent Directors — Mr. Omprakash Brijnath Singh (DIN 07204004) and Mr. Avinash Madhav Sonawane (DIN 10101936) — have resigned from the Board with effect from close of business hours on April 24, 2025. The resignations were accepted by the Board at its meeting held on April 26, 2025. Both directors also serve on the board of Rose Merc Limited. The company has confirmed that the detailed reasons for resignation are provided in the enclosed resignation letters, and there are no other material reasons beyond those stated.
The exit of both Independent Directors simultaneously may raise governance concerns for retail investors, as Independent Directors play a key oversight role. The company will need to fill these vacancies within the timelines prescribed under SEBI LODR regulations to maintain board composition compliance.